 Hey guys, this is Hydro from Xtrade back with another weekly video and in this video We'll start off with the indices as usual. We'll start off with SPY and QQQ Take a look at QQQ first. We'll start off with the daily chart So on the daily chart, you can see that this week we clearly broke the uptrend that QQQ formed since the beginning of the year, right? so right now it looks like we are Probably going to go through some short-term turbulence So I think there's a very good chance that we could just go sideways for a couple weeks, right? We take a look at the weekly chart We did have a really really strong rally and now we've been consolidating for a couple weeks. So overall, this is really good action It's not like we're pulling back and it doesn't look like we're like forming a top or anything So overall it looks really good action. It looks like we just want to go sideways and wait For the moving averages to catch up and then make another like higher That's what I'm thinking at least but for right now at a long-term picture I think everything is very very strong overall, and I think we are in a very strong bull trend But short-term wise, I think there's a good chance that we could pull back more Especially if we lose that 434 level. I think there's a very good chance that we could pull back to 426 But yeah after 426 there is another gap fill. I think yeah, the next gap fill would be 407 not sure if we could pull back that much, but It is definitely possible if we lose that 426 level gaps don't always get filled but There are typically 90% of the time they do get filled but yeah, we'll see what happens You will also have a bunch of other gaps here and these ones haven't been filled yet But that could change in like the next couple months or even years, right? So you never know but typically gaps do tend to get filled. Oh, yeah, we'll see what happens overall market is in a very strong uptrend Same with SPY if you take a look at SPY the uptrend also broke last week and Yeah, on Thursday, we had a really really nasty bar really nasty outside bars So I'm thinking if we lose Friday's lows So around that 513 level this could be a really good short play And the target would be all the way down to that 500 level and then if we lose 502 Then I think we could hit 497 pretty quickly for a gap fill play. Oh, yeah Let's take a look at the weekly chart as well for the SPY So SPY also very very strong uptrend and now it's trying to consolidate here through because of consolidation so far I think this one is definitely a lot more extended compared to QQQ So I think this has more chance of a pullback But yeah, overall, I think long-term long-term outlook long-term outlook looks good I think we are in a very strong bull trend or short-term. I think I think there's a very good chance that we could pull back more or at least chop around for a bit Let's take a look at the big cap tech stocks start off with Apple Apple looks like it's a short under that 168.65 level if it loses that then this is a really really good short play and The target could be all the way down to like that 160 level Yeah, Apple looks pretty pretty weak here. Yeah, so yeah, I'll take Papa loses 168 Then it could have potentially even 156. Yeah, we'll see what happens. This is definitely on watch for a short play AMD pulled back in pretty hard last week Had a really nasty bar on Thursday Yeah Nasty pulled back on Thursday and then on Friday put in the inside bar So I think if it loses that inside or like the Friday's lows I think this could be another good short play and The target would be the 162 support level for overall AMD looks like Or AMD is a very strong name, but right now this one looks like it needs to pull back more and just yeah Just consolidate for a little bit more here Next up, let's take a look at Google So Google had a really nice break out earlier this week So broke out on Monday and then Tuesday Wednesday just consolidated from another flag And then on Thursday everything pulled back in then on Friday. It did have a decent recovery So overall not a bad week for Google, but it's been acting really well since it bottomed in A short-term bottom in March, right? It's a really good action from Google Meta meta is acting really well making you all-time highs on it did make me all-time highs on Friday So this one is just continuing to grind higher and higher and a very very strong name So yeah, this is definitely one of the best big cap tech names right now Microsoft's also doing pretty well, but this one's more choppy, but it is holding that 420 level which is key So overall Microsoft does look pretty good here as well Netflix also grinding higher here slowly making you 52 week highs Yeah, awful. Netflix looks pretty good on the weekly chart It looks like it has room all the way back up to that that 700 level. So Netflix does look pretty good here And I think this will just be like a slow grind up overall. Netflix is acting pretty well In video this one finally pulled back in last week Strung to form a short-term down trend here, right? So until this downtrend line breaks This downtrend line breaks. I wouldn't be trying to long in video here right now It looks more like a short to me, especially if it loses that 850 Sadden level. Yep. If it loses this level, I think this can be a good short and the price target would be a 25 for a gap fill play and Then yeah, I think 800 would be a key support level Next up let's take a look at Tesla So Tesla had Had some news Friday after hours and it gapped up all the way up to 171. So it's currently around this level here Tesla still looks pretty weak to me. I would say key resistance is that 182 level so until Tesla breaks that 182 level this one's now very clear Short-term downtrend. So I would avoid this one until it breaks that 182 level. Yeah, that's pretty much it for the big cup Tech names. Let's take a look at growth names here a KK So overall here KK is still stuck in this chop, right? So it's in a it's forming a big base here, right? And I thought that it would be I thought it would form a handle here and try to break out But it looks like it's failing to the downside here. So overall not not a great look for the growth Tech names, but Yeah, I think we could pull back all the way down to 45 again, so we'll see what happens But overall growth names are not looking too hot right now Let's take a look at some few in the individual names that have been acting well start off with a PP This name has been on a very very strong uptrend For like the last year, right? So this bottomed back in 2023 and then this one had a very very strong uptrend And then lots of earning gap ups and then here it formed a really nice base and then broke out And this just been a slow grind up ever since right? So this one's been acting incredibly well It still has a lot of upside potential So I think target would be $80 and then after that would be around 96 and then all-time highs So this one stars a lot of potential and I really like the weekly Volume accumulation right look at all look at all those green bars compared to the red ones, right a lot more volume On the green one. So that's a sign of accumulation. So that's a good sign Cart is another really very yeah, really really strong rally earlier In February and then March as well Yeah, I just had a very nice bounce from 24 to almost pretty much almost doubled And now it's trying to form like some resistance over here So if this can form some sort of flag and this would be a really good watch So right now I wouldn't buy this but if it forms the flag both sideways for a little bit more tight ends up And this could be a really good play CEG this one is acting really really well as well had a very strong Move up here on big volume and then from the little flag broke out and now it's just like grinding higher here So right now there is no setup But if this one or this one has a very clear range here, so if this one tightens up and this could be a really good play as well Cgc this one is Acting really well so far and it's forming a little bull flag So if it can break that then this would be a good one to watch out for but yeah, really nice bull flag here Coin so this one there's no setup right now coin looks like it needs some more time here Yeah, looks like it just needs to consolidate for some more time since it had such a big move up So this one would just and I would recommend just to wait. I don't think there's a play here. So yeah Next up though though had a very nice break out last week The 116 level was key and then on Monday we broke out and then on Tuesday we formed a little bull flag and then on Wednesday we got a very very nice break out again and Yeah, on Friday. We are getting some follow-through. So that was acting really really well. This is a top name for sure. I Will why this one has been consolidating for quite some time now and it looks ready to break that 792 level and it looks like it wants to make me all time high So this is on watch for a breakout play Mu this one's also acting really well Super strong earnings cap up from the nice flag and I was just grinding higher here So right now there's no setup, but this is another top watch And if this one pulls back to like that 120 level, I think this could be a potential by the dead play Ntnx this one is not that well known, but This one's been acting really well on the weekly chart very very strong uptrend And it just continues to go higher and higher and it did break out of this bull flag last week So this is another one that you want to keep an eye on Root is another really good one this one just continues to go higher every single day Insane move right from the lows started from 11 dollars to 83 now They're very short period of time too, but this one has no setup right now But I would watch it for a pullback or first that forms some sort of flag Yeah, this one was the best setup over here on this day And then I not really that many opportunities afterwards But yeah, this is a name that you want to keep an eye on for sure As some see I This one has kind of like died down in terms of all the Volatility the last couple weeks on the weekly chart. It does look pretty solid. I'm just forming Forming a nice bull flag over here, right? So this one I think it needs more time to digest its gains, but this is on watch I think it can form some sort of like longer bull flag play. I think this needs some more time first and Last but not least TSM. This is another semi-conductor name and this one's also acting really well I think it wants to break out if it can break that 143 level It did try to do it on Thursday, but ended up failing because of market weakness, but if it breaks 143 I think this one has a chance to make new 52 week highs and Then think it's close to yeah, I did already make new all-time highs But yeah, I think it can make new all-time highs again if it breaks that 143 level But overall I would say the market looks like it's starting to finally consolidate after a very long run or has been consolidating and I think there's more chance of that there I think there's the probability of a pullback or chopped is very high here So I think less is more here and I would I would suggest to be patient and Just let setups come to you and don't try to force anything But yeah, that's pretty much all I have for this week. 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